Du reported to be eyeing first investment outside the UAE

UAE telco Du is reported to be considering bidding for a mobile virtual network operator licence in Saudi Arabia. It was also claimed that Du’s CEO, Osman Sultan confirmed that the company is looking for overseas opportunities.

Du is said to be looking for similar virtual network opportunities in other countries, but no decision has been taken yet.

The telco subsequently put out a statement saying, ‘Evaluating growth opportunities to maintain competitive advantage, increase shareholder value and ensure sustainable growth has and will continue to be the primary focus for Du.

With that in mind, and in the normal course of business, we always keep an eye on any opportunities that might be in the best interests of the company and its shareholders.

Our strategy is, and as always has been, to focus on the UAE. If and when we have anything new to announce, we will communicate details to the market.”